Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

INSULET INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Insulet Corporation for Possible Securities Fraud

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/20/2017 | 04:51am CEST

NEW ORLEANS, LA / ACCESSWIRE / May 19, 2017 / Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Insulet Corporation (NASDAQ: PODD).

On May 6, 2013, Insulet announced the successful launch of its new Eros system, touting positive customer feedback, the transition of all new customers to the system and a resulting growth in both United States and overseas markets. However, in truth, the company experienced significant quality problems with Eros throughout 2013 and 2014. On January 7, 2015, and again on April 30, 2015, the Company revealed that revenues were much lower than forecasted, due in part to a myriad of issues with the Eros system. Further, on June 5, 2015, the U.S. FDA issued a letter to the Company regarding defective lots of Eros that had been manufactured and shipped between 2013 and 2014, resulting in the Company recalling over 40,000 boxes of the product.

Thereafter, Insulet and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws. On March 17, 2017, the Court denied Insulet's motion to dismiss the securities class action complaint.

KSF's investigation is focusing on whether Insulet and/or its officers and directors violated state or federal securities laws.

If you are an Insulet shareholder and have suffered losses, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]).

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California, and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447

SOURCE: Kahn Swick & Foti, LLC


© Accesswire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
06:34aOil Futures Tread Water Ahead of Weekly US Data
DJ
06:32aChina carmaker GAC says trade war could hurt plans to enter U.S. market
RE
06:32aKEPPEL : Offshore & Marine signs MOU with MPA and TCOMS to jointly develop autonomous vessels
PU
06:32aRAPID NUTRITION : Withdrawal of the DELISTING OF THE SHARES OF RAPID NUTRITION PLC FROM SIX SWISS EXCHANGE
PU
06:31aSVENSKA HANDELSBANKEN : Handelsbanken's Interim Report january - march 2018
AQ
06:30aA NEW LEVEL OF PERFORMANCE AND SOPHISTICATION : The Next Generation of Lexus ES
AQ
06:30aDANGOTE CEMENT : Mulls London Listing, Appoints Cherie Blair, Mick Davis to Board
AQ
06:29aOBEROI REALTY LTD'S Q4FY18 CONSOLIDATED NET PROFIT RISES 41.5% YOY TO RS142.92CR : Beats Estimates
AQ
06:29aIDFC BANK LTD'S Q4FY18 STANDALONE NET PROFIT DECLINES 76.19% YOY TO RS41.90CR : Misses Estimates
AQ
06:29aZENSAR TECHNOLOGIES LTD'S Q4FY18 CONSOLIDATED NET PROFIT RISES 23% QOQ TO RS73CR : Beats Estimates
AQ
Latest news "Companies"
Advertisement